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HOLDREGE Institution Well Managed But Field Is Too Crowded. RECORD FOR ERA HOLDREGE, Neb., Oct. Announcement by officers of the Holdrege State bank that the stitution would cease operations has caused no apprehension among the several hundred persons who have deposited nearly the bank. The officers said the general falling off of business had lowered profits, and that they had decided to liquidate and the pay depositors in full Claude Miller president, Franzen, vice president, Frank Falk, cashier. This announcement was sent to depositors: announcement which follows hereafter, we believe to be one of the few of its kind that has ever been made. some months we have been considering quitting the banking business for the following reasons: We do not believe there any necessity for three banks in Holdrege, Nebraska, and we lieve there are adequate banking facilities available here without the aid of this bank. This bank is small and for that reason not particularly protitable. Pays In Full We have at all times endeavored to run this bank clean, fair and commendable fashand never expect to depart from The responsibility of doing is greater than the profits involved, and for that reason we have simply determined to quit. We do not wish to do this, of course, until we had collected and secured in one way or another sufficient money to pay the depositors in full and at once. This are prepared to therefore beg to Inform you that this bank has ceased do an active banking busIness, that beginning Thursday morning, October will not receive any further deposIts and that beginning at the same hour will pay in full in cash all of depositors. All of the money necessary to pay all the depositors is avail able and at once and we trust that you will as soon as convenient, come to the bank and get the amount of your depos- "Because of the hazards of bank robberies and we have not imported sufficient currency for this total payment, but prefer to make payments by drafts upon the Continental National bank, Lincoln, we will pay anyone currency who so prefers, provided he gives us twenty-four hours ditional Many Sound Institutions "We have greatly appreciated the busines sthat you have given in past. shall, course, greatly appreciate continued patronage in the other businesses which we are ed will become engaged. admit that are proud of our in the midst troublesmoe times all full. We should like point out to that our ability pay full all of depositors, the midst iness depression should clusive evidence that there are many sound financial Institutions at the present time, that of the unrest at the present moment without
